It's going towards revamping its buildings and facilities.
Part of the money will be used to build a balcony in the main auditorium to increase its capacity and there'll also be improvements to its bar area.
Part of the Phoenix will also be converted into a new digital cinema and screening space.
Cornwall man handed warning for disturbing dolphins
He encouraged others to do the same
10-storey Exeter student accomodation block planned
Developer wants to demolish old JobCentre
Former nightclub could become student accommodation
180 studio apartments planned for Unit 1
North Devon drug dealer jailed
He used an encrypted app to carry out his business
Investigation launched into glasses theft
More than 30 pairs have been taken
Controversial mega site for 700 Exmouth homes approved
Residents 'gutted'
